Avenir Corp Lowers stake in Denny's Corporation (DENN)

Denny's Corporation (DENN) : Avenir Corp reduced its stake in Denny's Corporation by 3.72% during the most recent quarter end. The investment management company now holds a total of 8,616,875 shares of Denny's Corporation which is valued at $91.9 Million after selling 333,068 shares in Denny's Corporation , the firm said in a disclosure report filed with the SEC on May 13, 2016.Denny's Corporation makes up approximately 7.62% of Avenir Corp’s portfolio.

Other Hedge Funds, Including , Stevens Capital Management Lp sold out all of its stake in DENN during the most recent quarter. The investment firm sold 17,190 shares of DENN which is valued $183,417.Spark Investment Management boosted its stake in DENN in the latest quarter, The investment management firm added 199,000 additional shares and now holds a total of 324,400 shares of Denny's Corporation which is valued at $3.5 Million. Denny's Corporation makes up approx 0.35% of Spark Investment Management’s portfolio.Manufacturers Life Insurance Company The boosted its stake in DENN in the latest quarter, The investment management firm added 565 additional shares and now holds a total of 56,567 shares of Denny's Corporation which is valued at $603,570. American Century Companies Inc sold out all of its stake in DENN during the most recent quarter. The investment firm sold 87,962 shares of DENN which is valued $942,953.Wedge Capital Management L L Pnc boosted its stake in DENN in the latest quarter, The investment management firm added 2,500 additional shares and now holds a total of 21,800 shares of Denny's Corporation which is valued at $233,696.

Denny's Corporation closed down -0.12 points or -1.11% at $10.65 with 2,98,002 shares getting traded on Wednesday. Post opening the session at $10.76, the shares hit an intraday low of $10.6 and an intraday high of $10.79 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Denny's Corporation reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.11. The company had revenue of $124.64 million for the quarter, compared to analysts expectations of $123.09 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.

Many Wall Street Analysts have commented on Denny's Corporation. Company shares were Reiterated by Wedbush on May 3, 2016 to “Outperform”, Firm has raised the Price Target to $ 14 from a previous price target of $13 .Nomura Initiated Denny's Corporation on Apr 20, 2016 to “Neutral”, Price Target of the shares are set at $11.

Denny’s Corporation (Denny’s) is a franchised full-service restaurant chain. The Company through its wholly owned subsidiary Denny’s Inc. owns and operates the Denny’s brand. Its other wholly owned subsidiaries include DFO LLC and Denny’s Realty LLC. The Denny’s brand consisted of approximately 1702 franchised licensed and the Company operated restaurants around the world including over 1596 restaurants in the United States and over 106 international locations. Approximately 1541 of Denny’s restaurants were franchised or licensed and over 161 were Company operated. It offers a variety of items for breakfast lunch dinner and late night dining. Denny’s Fit Fare menu helps its guests identify items suited to their dietary needs. Denny’s restaurants offer special items for children and seniors at reduced prices. It offers a selection of lunch and dinner items including burgers sandwiches salads and skillet entrees along with beverages appetizers and desserts.

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